Close to $2 Million in Work Needed for Capitol Theatre
Sunday February 12th, 2012
Posted at 12:00pm
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This article is 2376 days old.
The information listed below is likely outdated and has been preserved for archival purposes.
Details of the lease of the Capitol Theatre to the Windsor Symphony have been released in a report that will go to City Council for approval on Tuesday February 21st.
The lease will commence on September 1st 2012 for ten years ending on August 31st 2022. The city will lease approximately 25,000 square feet of space for $1.00 a year.
The City of Windsor will own the property and handle all maintenance issues, snow removal and utilities.
As well, the City will invest almost two million dollars into repairs and upgrades before the Symphony moves in in September.
The building, as we showed you a year ago is in need of major repairs to some of its exterior walls and it’s roof and as well, will need several upgrades to meet the needs to the symphony.
Work needed to the building includes:
- Exterior wall masonry repair – $210,000
- Roofing repairs – $150,000
- Code compliance requirements – $4,000
- Penstar rigging system repairs – $6,500
- Lift system for stage – $150,000
- Extension of stage – $30,000
- Stage towers and Canopy – $300,000
- Conversion of retail space to office space – $90,000
- Below stage improvements – $100,000
- Storage stage improvements – $100,000
- Ground floor dressing room renovations – $40,000
- Second floor dressing room renovations – $30,000
- Consulting fees – $163,260
- Project Contingency – $304,754
- Total – $1,828,512
The city will also write off a “loan receivable” from the Windsor Symphony and interest totaling $246,925.
As well, the annual grant from the city for the Symphony will be cut. They will receive $300,000 this year and in years 2013 and 2014 they will receive $125,000 and it will be eliminated in 2015
The Windsor Symphony will handle all bookings for the facility and the city will have no hand in the day to day operations. The Symphony has agreed to make the facility open to other arts groups in the city. The report makes no mention of what will happen to current retails space tenants.